DLocal (NASDAQ:DLO) Price Target Raised to $10.00 at The Goldman Sachs Group

DLocal (NASDAQ:DLO - Free Report) had its price objective hoisted by The Goldman Sachs Group from $9.00 to $10.00 in a research report report published on Thursday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other research firms also recently issued reports on DLO. Barclays lifted their price objective on DLocal from $9.00 to $10.00 and gave the stock an "equal weight" rating in a report on Friday, January 17th. Susquehanna lifted their price target on shares of DLocal from $14.00 to $16.00 and gave the stock a "positive" rating in a research note on Wednesday, January 29th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $11.81.

DLocal Stock Up 2.2 %

DLO stock traded up $0.29 during trading on Thursday, reaching $13.39. The stock had a trading volume of 1,136,712 shares, compared to its average volume of 684,225. DLocal has a 1-year low of $6.57 and a 1-year high of $18.27. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $3.96 billion, a P/E ratio of 33.48, a PEG ratio of 3.17 and a beta of 0.90. The firm has a fifty day moving average price of $12.04 and a 200 day moving average price of $10.04.

Institutional Investors Weigh In On DLocal

Several institutional investors and hedge funds have recently made changes to their positions in DLO. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in DLocal by 4.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 131,277 shares of the company's stock valued at $1,478,000 after purchasing an additional 5,853 shares during the last quarter. J. Goldman & Co LP grew its position in shares of DLocal by 175.5% during the 4th quarter. J. Goldman & Co LP now owns 1,351,181 shares of the company's stock valued at $15,214,000 after buying an additional 860,681 shares during the last quarter. Crestline Management LP grew its position in shares of DLocal by 148.2% during the 4th quarter. Crestline Management LP now owns 134,903 shares of the company's stock valued at $1,519,000 after buying an additional 80,551 shares during the last quarter. Azora Capital LP bought a new stake in shares of DLocal during the 4th quarter valued at about $37,144,000. Finally, Balyasny Asset Management L.P. grew its position in shares of DLocal by 82.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 987,978 shares of the company's stock valued at $11,125,000 after buying an additional 445,549 shares during the last quarter. 90.13% of the stock is owned by institutional investors and hedge funds.

About DLocal

DLocal Limited operates a payment processing platform worldwide. The company offers pay-in solution which the business and get paid for their products and services through various payment methods, including international and local cards, online bank transfers and direct debit, cash, and alternative payment methods.